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not be more wrong. and clintonomics. do different times kaulg for different measures? former obama economic advisor peter orszag weighs in. plus, keeping up with kim kardashian. she's laying the grounds for a fashion empire and she's talking only to maria. ch, we understand the importance of your goals. today, our financial advisors lead from a new position of strength. together with bank of america, they have access to more resources than ever before. a steadfast commitment to help you achieve your financial goals in life. that's the power of the right advisor. that's merrill lynch. >>> welcome back, you heard the calls to break up the big banks, and it's been a hot topic. sandy wyle said this on "squawk box" back in july. take a listen. >> i think what we should probably do is go and political up investment banking from banking. have banks be deposit takers, make commercial loans and real estate loans. have them do something that will not risk the taxpayer dollars, that's not going to be too big to fail. >> my next guest begs to deliver, he is william harrison, the former ahead of jpmorga
they think will win. 46% think obama is going to win. 24% mitt romney. 31% don't know. we had 8 respondents to our survey. economists, money managers and strategists. but look at who they want to win. 53% to 18%. obviously, the national polls are much more evenly split. obama has a 1 in 4 lead depending upon which poll they read. they track the donations in wall street which has been far in favor of the gop and mitt romney. mitt romney has been critical of ben bernanke as well as his hundreding mate, paul ryan. so we asked f will mitt romney resign if obama wins? no. what about the biggest problems for the u.s. recovery? . it's still there. the euro crisis, though, has come down just a bit. tax and regulatory policies. what about the most important issue that we're going to be dealing with tomorrow? will there be more qe? it's shot up from 78% in july, 90% of our respondents say it's going to happen. and we haven't seen those kind of results since the eve of qe2. >> they don't think it's going to do much good. 59% say they won't lower the unemployment rate. the press conference of ben berna
. president obama has repeatedly proposed raising all private equity taxes to 35% but that's been shelved until 2013. and that's at the federal level, maria. in the state of new york there's no difference between the level of capital gains versus income tax. but a source familiar with the matter says the state is evaluating the issue from two stances. one, the state could prosecute any false claims on firm's tax documents if actions were taken to avoid taxes. the second issue could add to the state coffers in the near term. that's the examination of when those fees convert into interest. y in state could argue they should be taxed in new york as soon as they hit the checkbook. the investigation is said to be at an early stage with the 13 private equity firms respond all competing for a request for information. the inquiry could be broader than just private equity with the potential to seek information from hedge funds and venture capital as well. similar to what the irs did. the irs also asked for the same information from hedge funds. likelihood we could see this expanded. >> is this jus
multi-year highs by the close. all eyes tonight on president obama at the national convention. >>> let's show you near final figures here. we're going out near the highs of the day for all of the major averages. with the do you up, a gain of almost 1.9%. we're just about at that five year high there, aren't we? nasdaq is a 12 year high, and the s&p about a four and a half year high, a 2% gain there. >> investors cheering europe's bond buying plan today. is this market rally here to stay? especially in a months that historically one of the worst months of the year. >> we have our panel to weigh in as we look at our jobs reform tomorrow. meg mcclellin, and rick santelli is staying late for us. rick, what do you make of the market response today? very dramatic and strong. >> i agree it's government induced, but it doesn't change the fact that everybody in that s&p pit, if they choose to take out their money, their going to get a check. it's real in that regard. i think a better question is one or two years down the road, will spain's unemployment and housing going to catch up with it? and
. which candidate has the better energy plan in your view? >> well, obama has no energy plan. he talks about energy a little bit. he never has a plan. romney has a good plan, and i believe romney will carry it out. that all the people that have run for president since nixon, republican and democrat, have always said elect me and we'll be energy independent. romney has not said that. he has said with a north american alliance, that we can bring together mexico, canada, and the united states, and we can be energy independent using all of north america. but that's good because they're good neighbors. we work well together. all that can be accomplished, but romney is realistic about a plan. his plan is use our own resources. >> and we know that's a job creator. do you think he has a shot to win the election? >> oh, i think he will win the election. i think he has energy as a big component. there are 30 states in the united states now that produce energy. when i went in the energy business a long, long time ago, there was only nine states. there are 30 states now. so millions of jobs are cr
, no minority got obama for. >> obama phone. she's talking about a real government program that subsidizes cell phones for the poor. guess what? you might be paying for it. did you know that? i'll speak with a congressman about how he's trying to reign it in next. >>> then, think about a 75% tax rate. that could be a reality in france. the question is whether it could happen here. a mitt romney supporter gives us her take in a few minutes. >>> and he's the head of one of the richest sovereign wealth funds. he sits down with me for an exclusive in a few minutes. he owns a number of banks. find out where he's investing. back in a moment. tdd#: 1-800-340 let's talk about low-cost investing. tdd#: 1-800-345-2550 at schwab, we're committed to offering you tdd#: 1-800-345-2550 low-cost investment options-- tdd#: 1-800-345-2550 like our exchange traded funds, or etfs tdd#: 1-800-345-2550 which now have the lowest tdd#: 1-800-345-2550 operating expenses tdd#: 1-800-345-2550 in their respective tdd#: 1-800-345-2550 lipper categories. tdd#: 1-800-345-2550 lower than spdr tdd#: 1-800-345-2550 tdd#: 1-800-
been rallying. of course, it seems to be working in obama's favor, even though it's probably has a lot more to do with the central bank and all of the easing out there than it does to the policies. is there any reason to believe that if this president is re-elected, then he moves to the center that, he does the policies that you're talking about that romney, of course, has been leading with? >> i think that's been my greatest disappointment, that we have not seen this government move more to a centerous approach to move the country forward. there were numerous opportunities to do that. i just don't think it aligns with where the president would like to take the country. there's one approach that says static pie, let's figure out how to split it up. that's the approach that's being taken. when they say we're all in this together, we're all in this together, but we're going to take from you and give to you. what we're not going to do it put in place a set of policies that grow the pie in a way that all americans, particularly those that have been struggling, actually can get what they ne
an obama win. >> rick santelli, obviously qe was great for the stock market. we keep seeing gains here. expectations are further ahead. you see it different. you have different angles in terms of the implications. >> i would look at it this way. i don't disagree with the beta argument. makes a lot of sense. i think the politics of november 6th could really put turbo thrusters behind that beta buying, but i think it could also put a brick wall in front of it. what's more, what comes next from the fed? unlimited to the third power? we're at a point now where if the stock market doesn't start to do a little bit more aggressive performance to the up side considering we're in unlimited qe-ville, i think that works against the stock market and some traders will exit because the performance isn't matching up. >> i like that qe-ville. mandy, what are you seeing out there? >> i think it's interesting the confidence. we were looking at results of a survey that was showing in 2012, investo investors' confidence in the u.s. capital markets has increased to 65% after essentially either remaining st
penalty, capital gains from 15 to almost 24, almost triple of dividend taxes from 15 to 43, obama care taxes, higher taxes and fees. to me, even though most traders i talk to say somebody's going to cave, we're not worried about it. i think depending on how the election goes, november 7th could be one of the busiest, most wild days in the equity indices since the flash crash. >> yeah, it's going to be busy for sure. thanks, everyone. we'll keep watching the story of stocks. be sure to catch rebecca and the "money in motion" gang this friday, every friday on "money in motion" on cnbc. >>> this market trying to shake off the monday blues. courtney reagan has been front and center at nyc. >> the dow closed lower for the 16th day. we popped briefly higher shortly after we saw the futures trading close over at the nymex but we couldn't hold onto it with both of those indices closing lower. if we take a look at some of the sectors, we're in this defensive mode. the effects of qe3 already waning. energies, material lagging. also technology. take a look at some of these technology movers becau
to the upcoming election. there's such a divergence of opinion between president obama and senator romney, where they want to take the country and what direction it would be. i think corporations are just holding back cash. i think individuals are holding back cash too. we're seeing less investment in the marketplace. if we're going see the fiscal cliff, which i'm sure we'll talk about throughout the day, but if we're going to see the bush tax cuts roll off, we're talking about dividends going up significantly. right now you cannot get any yield. everyone is chasing yield. you can't get it from the united states government. they'll pay you nothing. people are going say, wait a minute, now i have to pay 36% and i have risk in the marketplace. these are a lot of big issues. >> i know you meant governor romney. >> let me apologize. >> do you think we go to the election and are in standstill mode until then? once we get the clarity of who's in the white house, what's your expectation? >> i do. i don't anticipate a lot. i know people are talking about that we'll see more in the early parts of novembe
massive transformative pieces of legislation done under president obama. you would have to go back to fdr to see so much new legislation which is normally a huge achievement for a president and a congress. and yet here we are, at what point does he own in economy. he got health care reform, stimulus, rereformed the financing of education. he has done a ton. he lived up to every promise that he made, and here we are. >> here is the fact of the matter. he had an economy that informs a total mess. he has to own up to what he has done. people have to be frank. this was a real mess this guy inherited. job creation is working in a private sector. wall street -- >> it is not working. wait. >> go ahead, doug. >> to find success in 100,000 jobs is ridiculously low. he promised 5.5% unemployment today. he promised a deficit half the size today -- >> those are promises made by a man who wants to be reelected. every poll suggestion worth is salt will make the same kind of promises. >> i promise you if mitt romney does not create 12 million jobs, he will be held accountable. the guy who did that is jo
of "closing bell." back in a moment. >>> coming up, warning sign? why president obama reminds donald trump more of jimmy carter than bill clinton. >>> plus, caught in the middle. should the u.s. financially support governments that don't do more to protect our interests and hurt the markets? >>> and social anxiety. a new report shows the government is being lax on investigating disability claims. is this another example of why the entire social security system needs to be scrapped? that's all ahead on the "closing bell." [ male announcer ] for the dreamers... and those well grounded. for what's around this corner... and the next. there's cash flow options from pnc. solutions to help businesses like yours accelerate receivables, manage payments, and help ensure access to credit. because we know how important cash flow is to reaching your goals. pnc bank. for the achiever in you. >>> welcome back. ben bernanke, the star of the stock market today. a move to ensure low rates stay low until mid-2015, close to three years from now. all this because he thinks the economy is a mess and can't recov
, there's the argument raising capital gains tax as president obama is proposing will discourage investment at a time when the country really needs that investment. you don't buy into that argument? >> i think warren buffett had it right when he said he'd been in this business for a long time and he'd seen periods where the capital gains tax was much higher and still plenty of people investing. we had a 25% capital gains tax rate during the '50s and '60s. those were boom years. we also had a high capital gains tax rate compared to today during the early 1990s and late 1980s. again, lots of economic growth then. so, you know, i want to come back to robert frank's point which is, lots of other big things drive the economy. the difference in tax rates are not the central factor. >> scott, you disagree. why do you think the discussion in congress on the capital gains tax is important to whether a deal gets done to overhaul the whole tax code? >> well, this debate over capital gains is a proxy war. the difference is in the way each side sees in how progressive the tax code should be.
. >> reporter: have you spoken to president obama about the fiscal situation in italy? >> yes, yes. about -- i want to say i met with the president several times. either bilaterally or other gatherings like the g-8, the g-20, and i have discussed with him the reforms in italy and also even much more. i would say what we have all been doing in the european context to tackle the eurozone crisis and it has been always very interesting and inspiring. also, he likes to follow these issues very closely also with telephone calls. he likes to be kept up to date. of course, i also like to be kept up to date about the progress on tackling fiscal imbalances in the u.s. >> reporter: because we're all dealing with the same issue, aren't we? do you think america is in decline, this is the new speculation, given the weakened position of our weakened economy in the u.s. >> i cannot really believe that such a country can be in decline. but it also has huge responsibilities in keeping the global economy in good order. therefore, the topic of fiscal balances is not dealing from this. >> reporter: do you think th
is reacting to this. first, what are we hearing from the white house? >> even as president obama and secretary of state clinton paid tribute to the four americans slain in benghazi earlier this week, the administration is at least trying to slow down the spread of these anti-american protests across the world. they disclosed today in that effort that they had asked google and youtube to review their terms of use to see if this anti-muslim film violated those terms of use. the request was made on tuesday night as that violence was taking place. it was only disclosed today. it appears so far that youtube is not taking the video down, although they have said they are restricting access in some countries. this is a situation where the administration is not in control of events. they're trying to do whatever they can to slow down the violence. >> it seems to me to just blame the video is really misguided. it was september 11th. there's clearly a coordination to get us on september 11th. >> well, you may think it's misguided, maria, but i think the administration believes, and there are a lot of oth
us in trouble in the first place. president obama: we're not going back, we are moving forward. anncr: forward. >>> oracle shares, the company reported earnings for the fiscal first quarter 53 cents a share in line with estimates on revenue of $8.21 billion for the quarter. that's a little lower of the expectation of $8.24 billion. the stock traded down initially in the extended hours of the trading session but then came back and is really flat right now, down just a fraction. i'll have an exclusive interview with the oracle founder and ceo, larry ellison live from the oracle open world conference on tuesday, october 2nd. join us for that parogram as we broadcast live from oracle. >>> finally tonight, my observation on a big day for ipos today. five new stocks began trading today. these companies obviously seeing the recent momentum in the equity market as a good opportunity to raise capital. let's put this into perspective. recent deals reflect more end of quarter activity rather than actual increased demand. fact is, if there was so much clamoring for deals, why are there more than
Search Results 0 to 15 of about 16

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